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South Korea’s exports expanded at their fastest pace in 26 months 01 Jan 2021 A truck drives between shipping containers at a port in Incheon, South Korea. File/Reuters South Korea’s exports expanded at its fastest pace in 26 months in December, on robust chip demand and improved global orders, providing additional signals that the recovery is on track despite resurgence in the novel coronavirus. Exports in the final month of 2020 grew 12.6% year-on-year, the sharpest growth since October 2018 when it grew 22.5%, government data showed on Friday. The rate of...

Iraq agreed to a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction on Wednesday to build the first phase at its planned Faw commodities port in the south of the country. Under the contract, signed in Baghdad by representatives of Iraq’s transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers. Daweoo will also carry out dredging and drilling works to create an access navigation channel, Farhan al-Fartousi, Iraq’s director general at the General Company fo...

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Share this article by Maher Nazeh (Reuters) – Iraq agreed to a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction ($047040.KS) on Wednesday to build the first phase at its planned Faw commodities port in the south of the country. Under the contract, signed in Baghdad by representatives of Iraq’s transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers. Daweoo will also carry out dredging and drilling works to create an access navigation channel, Farhan al...

Maritime Activity Reports, Inc. © luzitanija / Adobe Stock Iraq agreed a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction on Wednesday to build the first phase at its planned Faw commodities port in the south of the country. Under the contract, signed in Baghdad by representatives of Iraq’s transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers. Daweoo will also carry out dredging and drilling works to create an access navigation channel, Farhan al-Fart...